Savings bank



Nov. 3, 1925. 1,560,018

M. R. CLEMENTS sumss BANK Filed Oct. 1924 uvvslvrolg MAINEFEE 501mm. E6155? 7/ M w m r us. fi Y Patented Nov. 3, 1925.

UNITED STATES ME'NEFEE R. CLEMENTS, OF SOUTH BEND, INDIANA.

SAVINGS BANK.

Application filed October 18, 1924. Serial No. 744,407.

, description, reference being had to the accompanying drawing, forming a part of this specification. 1

My invention relates to savingsbanks and is concerned with a device which I term a Coin controlled watch savings-bank. The underlying idea isthe provision of a twentyfour hour watch movement which is kept running from day to day by the regular deposit of coins, mechanism being provided so that insertion of a coin is necessary before winding of watch can be accomplished.

The proposal of my invention is to encourage the habit of regular and systematic saving, and with this in view I utilize the idea of the watch movement which must be wound from day to day and is provided a positive mechanical connection between the winding stem of the watch and entry way to a coin deposit compartment, the an rangement being such that the watch can be wound only by the insertion of a coin of the proper denomination. In this way, in order to keep the watch running, it is necessary for one to deposit a coin of the proper denomination regularly, and not only do I provide a useful time-piece, operated in this novel way, but I also provide means for constantly reminding the owner of such a bank whether or not he-has made his regular deposit.

It is well known that banking institutions frequently adopt the system of encouraging savings by providing their depositors with banks and small portable devices, the banking institutions holding the key, so that the depositor will return at intervals to deposit his savings.

' My bank may be provided with any standard lock in order that it may effectually play a part in this system of thrift.

A further object of my invention is to provide a device of the character described above which will be of simple construction, attractive in design, and especially capable;

' passing freely'through two points of brackform apart;

of economlcal manufacture.

The accompanying drawmgs of this specification n WhlCh like numerals are employed to designate like parts throughout same.

Fig. 1. is a plan view. looking down on top of my coin controlled watch bank, a portion of the casing being broken away so as to clearly reveal the structure.

Fig. 2. is a side elevational view of my coin controlled watch bank, a portion of the caslng being broken away, so, as to clearly reveal the structure. l

Fig. 3. is a front elevational view of the coin controlled watchbank, showing dial of watch movement and name plate.

Fig. 4. is a detail view showing movement of coin, and I Fig. .5. is a detail view showing the con struction of winding stem for my coin controlled watch bank.

The housing of the device comprises a sheet metal case 14, which is conveniently formed from ametal stamping, and a stand ard look may be provided to the casing in any suitable manner, preferably in such a manner as to make it difficult to open the bank, without actually having the ke thereto. 7

I11 the front portion of the metal case 14 is mounted an ordinary twenty-four hour standard watch movement 17, a special winding stem 2, containing vertical slots cut therein, is provided, and is mounted on watch movement 17 by means of threaded portion 4, Fig. 5, winding stem 2 being constructed of brass or die cast metal and is interchangeable with the ordinary knurled winding stem provided on standard makes of watches.

Watch movement 17 is supported rigidly by means of bracket 7 which is provided with screws 5 passing through name plate 18 and casing 14 being secured by nuts 6. y The bracket may be termed a support and car rier bracket as it not only supports the watch movement 17 but it also carries coin controlled mechanism. Bracket 7 is preferably constructed from a metal stamping formed in one piece. It will be seen thata bracket of this design makes a very simple construction, the whole assembly being secured and held by thetwo screws 5 and nuts 6.

Through the upper portion of bracket 7, locking bar 8 is mounted, locking bar 8 et 7 and being held in a forward looking po-' sition, engaging slots 3 of winding stem 2,

by means of spring 12 and pin 16. On the extreme back end of locking bar 8 is mounted and secured a coin bracket 21, com

bracket 21 and locking bar 8 being prefer-- ably made from a metal stamping and both parts integral, although the two parts may be made separate and secured together during assembly. Coin bracket 21 has two toes 20 extending backwards at an angle, the angle being such that a coin pressed against the face of toes 20 will miss the outer edge of ledge 9, ledge 9 being'bent forward off of the central vertical portion 21' forming a horizontal ledge, ledge 9 being in line with slot 13 of casing 14. so that on inserting a coin same will be obstructed and held by ledge 9.

Shaft 1 is mounted on the upper port-ion of bracket 7 and extends through casing 1d, shaft 1 being free to be moved forward in a horizontal plane, and being held in an outward position by means of spring 11 and pin 15, shaft 1 being mounted on bracket 7 in such a manner that when moved to an inward position will pass freely through space 10 between toes 20, and shaft 1 is preferably made of steel,

Case 14 is provided with coin slot 13 through which coin 19 passes and is received on ledge 9 resting vertically against wall 21 and closing-space 10 between toes 20. Shaft 1 is moved inwardly on a horizontal plane to position 1 Fig. 4. Shaft 1 coming in contact with coin 19'will cause'said coin 19 to move from vertical position resting on ledge 9 to angular position of toes 20 of coin bracket 21. After said coin 19 hasmoved to-angular position it is supported only by pressure applied to shaft 1, as indicated by numerals 119" and 20, of Fig. 4. After coin has been moved to position described any further movement on shaft 1 will move bracket 21 in a backward position, locking bar 8 being integrator attached to bracket 21 is also moved in a backward position thereby disengaging locking bar 8 from slots 3 of-winding stem 2 thereby allowingwatchmovement- 17 to be wound by means of winding stem 2. c On releasing-pressure on shaft 1 same'returnsto normal position owing to the tension of spring, 11', coin 19 dropping clear of ledge 9, bracket"21'and lockingbanS returning to normal. position by tension of spring. 12, re-eng aginjg' slots 3' of winding stem 2, thereby rendering watch movement incapable of beingwound.

Itfwill'be seen that it is impossible to move locking bar 8 from slots 3 without' first inserting-a coin in "bracket 21" closing. space --10.' When shaft 1 islmmzed forward there being nocoin' in bracket 21', ,Sliaftlwill' pass "free.- 1y throughgspace 'lt)"between toesz20.

Other coin slots besides slot 13 may be provided in the savings-bank compartment, and also an aperture for bills.

My invention may be made any size and constructed of any material deemed convenient, economical and suitable for a device of this character, and while I have illustrated and described a form of construction and arrangement of parts found desirable to materialize my invention I wish to include in the ap-plication'for Letters Patent all mechanical equivalents and substitutes that may fairly be considered to come within the scope and purview of my invention as defined in the appending claim.

In a device of the class described, the combination of an enclosing casing, a stem set, stem wound watch mounted therein, the winding stem of said watch having notches cut vertically therein, said watch being mounted in said enclosing casing by means of a combination support and. carrier bracket, a locking bar passing through two points of said carrier and support bracket and engaging vertical slots of said windingstem, said locking bar being held in the locked position by means'of a. spring, said locking bar being a combination lockingbar and coin bracket, said coin bracket being integral with locking bar, said coin bracket havinga central vertical wall, the upper portion being'composed of two separate and individual toes, said toes being bent backward at an angle ofl the central vertical portion, the lower portion of said coin bracket being bent forward at, an angle of 90 off the central vertical. portion, said portion forming a ledge, said ledge being horizontal to the. central vertical portion, said ledge catching coin when dropped through said enclosing casing, said toes of the upper angular portion being bent at such an angle as to allow a coin pressed against said toes to drop free of said retaining ledge, a shaft passing through said carrier bracket and being held in an outward position, projecting. on the outside of said enclosing casing, by means of a spring, said shaft when moved in an inward position-passes between toes of said coin bracket, said coin bracket containing a coin obstructing space between said toes, causing said coin bracket to be moved backwards by said shaft engaging a coin in said coin bracket thereby releasing said locking bar from said slots of said winding stem, permitting winding-of said watch" movement.

In witness whereof, I' have hereunto subscribed myname. this 15' day of October, 1924'." 

